Divyanshi buys a bag for Rs 560 and sells it for Rs 680. She earns a profit of________% in this transaction
Question
Divyanshi buys a bag for Rs 560 and sells it for Rs 680. She earns a profit of________% in this transaction
Solution
To calculate the profit percentage, we first need to find out how much profit Divyanshi made.
Step 1: Calculate the Profit Profit = Selling Price - Cost Price Profit = Rs 680 - Rs 560 = Rs 120
Step 2: Calculate the Profit Percentage Profit Percentage = (Profit / Cost Price) * 100 Profit Percentage = (120 / 560) * 100 = 21.43%
So, Divyanshi earns a profit of 21.43% in this transaction.
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